Bloomberg/Isabella Lee and David Westin/8-15-2020
“Economist Nouriel Roubini said there are two options for the US economy, given the Federal Reserve’s most-aggressive tightening campaign in decades: an economic hard landing or inflation at a persistently elevated level.”
USAGOLD note: One generates systemic risk the other undermines the value of savings and investment. Both suggest the need for a proven hedge. Peak inflation, he asserts, is not the end of the story, if indeed we are there (which he questions). “We are still in a severely inflationary environment,” he points out.
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